Eurozone: November CPI is expected to remain unchanged at 0.6% y/y - TDS

Research Team at TDS expects the Eurozone’s final estimate for November CPI to remain unchanged at 0.6% y/y.

Key Quotes

“However, headline inflation should see a substantial push higher over the next few months with the depreciation in the EUR and the rally in crude oil prices. Our early estimates show that headline CPI could pop up to 1.0% y/y in December, which would be the first 1-handle since Sept 2013.”

“UK: CBI industrial trends are expected to stabilise in December. After the orders component dropped to -17 in Oct and then popped back up to -3 in Nov, markets are looking for a reading of -5 today.”